Cypress Capital Management LLC WY Makes New $525,000 Investment in Royce Small-Cap Trust, Inc. $RVT

Cypress Capital Management LLC WY purchased a new position in Royce Small-Cap Trust, Inc. (NYSE:RVT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 32,523 shares of the financial services provider’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC purchased a new stake in Royce Small-Cap Trust during the 3rd quarter worth about $177,000. NWF Advisory Services Inc. increased its position in shares of Royce Small-Cap Trust by 2.1% during the third quarter. NWF Advisory Services Inc. now owns 56,052 shares of the financial services provider’s stock valued at $904,000 after buying an additional 1,149 shares during the period. Fortis Capital Advisors LLC purchased a new stake in shares of Royce Small-Cap Trust in the third quarter worth about $177,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Royce Small-Cap Trust in the third quarter valued at approximately $166,000. Finally, Westfuller Advisors LLC bought a new position in shares of Royce Small-Cap Trust in the third quarter valued at approximately $29,000. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Stock Down 0.5%

Royce Small-Cap Trust stock opened at $17.52 on Wednesday. The firm’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $16.06. Royce Small-Cap Trust, Inc. has a 1-year low of $12.12 and a 1-year high of $17.68.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 annualized dividend and a dividend yield of 12.3%.

Royce Small-Cap Trust Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.